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Citigroup wonders what to do with redundant gear
WHEN CITIGROUP announced that it was handing P45s to more than 52,000 workers, few wondered what was going to happen to all those people's kit.
A lot of them had laptops, most of them had a PC, which all adds up to a huge amount of gear all of which is going to go on the second-hand market.
Citigroup is not going to be the only one with this problem as the recession takes hold.
Bean counters from Gartner said that, while some of the older gear will go to a charity, landfill, or a recycling site, some large companies with a lot of newer gear should try to sell it, or even get the vendor to take it back. Yeah right!
Alvin Park, an analyst with Gartner who examines asset management and IT procurement said that some of the larger companies, such as Citigroup, will be looking at the contracts they have with vendors.
He said that IT managers need to be aware of the company’s PC refresh cycle if and when layoffs are announced. Those who have leases from vendors for PCs should look at the contract and see if there is a way to cancel or at least delay an order if those desktops or notebooks are no longer needed.
Outfits like Citigroup should try to make sure the new machines go to other employees who may have older equipment.
Then there is the small matter of security. All those computers that no longer have humans sitting in front of them are a data leak waiting to happen, particularly if they are chucked out.
Dell, Hewlett-Packard and IBM and lesser-known outfits are rubbing their hands with glee at the prospect of wiping hard drives – for a fat fee – to comply with EU and US law.
They will even completely destroy PCs if there is a concern about security and data. µ
L'Inq
E-week
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Lot of companies are now trying to get lease agreements with vendors rather than buy them. That way there is less expense in buying the computers and they dont have to pull their hair on disposing them. Security is a concern, but when vendors are HP, Dell etc. they have good policies for disposing / reusing PC's safely.
Citibank would be nuts to try and recycle the drives to anyone outside the company. Shred those -- it's a heck of a lot less expensive than risking the problems of a data leak.
When Ultee' Was On: Mitchel Air Base, City Bank was Big Backer, yet Now, its hard to feel sorry for those creeps. They Don't Like US.

Its' Sorrowful What Stock Manipulation Has Done & Right Before Really BIG War. For Instance, THE Ultee' Charities & Lease Back Program Could Probably Save Citibank entirely. Then I'd Trade Citicorp for AMD, What Bargin that is & Tort Yahoo for another 20$ Billion to Make Up Difference.

However, If NOT Vista Ultimate Computers, YOU Keep Them, Ultee' Wants NO Junk xp 'Puters. Same with settop Boxes, Vista Only, meaning dual core atom. NO Crummy Stuff Here.

New Song: "With 52,000 Computers That Will Not Boot"....LaLaLa-LaLa.
TS drashek



Fred,

"The gear belongs to the finanace company"

What do you think Citibank is... a ham sandwich ?

Stick to techo stuff mate, you've always been crap with money... LOL.
They lease it, so that they have an expense item rather than a capital item.

The gear belongs to the finanace company, and what they do will depend on the type of lease.
I think IBM or HP might even be willing to destroy those machines for a marginal fee or for free. Imagine what happens to the computer market when someone dumps 52000 pcs at one time on ebay....

Elmars